TRS
01/08/2014 16:16
MERGER
REL: 1616 HRS TRS Investments Limited
MERGER: TRS: Update on the acquisition of Mega Limited
TRS INVESTMENTS LIMITED
1 August 2014
NZX Limited
Wellington
Update on the acquisition of Mega Limited
As previously announced, TRS Investments Limited ("TRS") has entered into a
conditional agreement with the stakeholders of Mega Limited ("Mega") to
acquire 100% of the shares on issue in Mega (Transaction).
The Transaction is conditional upon TRS obtaining shareholder approval to the
Transaction and to the arrangements collateral to the Transaction
("Condition").
The date for the satisfaction of the Condition is currently 31 August 2014.
TRS and the stakeholders in Mega have today resolved to further extend the
date for the satisfaction of the Condition to 31 October 2014 in order to
provide sufficient time for the documentation required to be circulated to
TRS shareholders, in respect of the Transaction, to be finalised.
TRS has previously advised that Mega had resolved to proceed with a US$7
million capital raising to ensure that Mega has adequate funding during and
after the listing process. TRS confirms that Mega has successfully completed
that capital raising.
For any inquiries please contact:
Keith Jackson:
Email: [email protected]
Mobile:+64 21 702 509
End CA:00253419 For:TRS Type:MERGER Time:2014-08-01 16:16:28
